What effect did consumerism have on 1920's America?

Answers

Answer 1

The 1920s were marked by a culture of consumerism. People bought products they didn't need but incurred debt they couldn't pay off as a result, which finally caused the stock market catastrophe.

What benefits does consumerism have for society?

Economic development is fueled by consumption. The economy expands as consumer spending increases on products and services created continuously. More output and jobs are created, which increases consumption. Because of consumption, people's living standards will inevitably rise as well.

What exactly is a consumer society?

People that spend a lot of time, effort, money, and thinking on "consuming" live in a consumerist culture. In a consumerist culture, it is often believed that consuming is positive and that increased intake is even better.

To know more about consumerism visit:

https://brainly.com/question/911984

#SPJ4


Related Questions

Two technicians are discussing scan tools. Technician a states as with all shop equipment, proper maintenance, care, and updating of scan tools is crucial. Technician b states this expense should be budgeted for on a yearly basis as this expense could upwards of $10,000 per year or more. Who is correct?.

Answers

Technician a is correct.

Technicians are skilled experts employed in almost every industry. They restore, install, replace, and service special structures and systems. Technicians usually work alongside other professional workers and should be capable of reading commands and communicating effectively.

A number of the maximum critical tough competencies a technician can own consist of diagnosing troubles, performing preventative upkeep, working with hand gear, and compliance with protection processes. when it comes to smooth competencies, technicians must have sturdy customer support and verbal exchange skills.

Learn more about Technician here: https://brainly.com/question/14449935

#SPJ4

HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model

Answers

C . Circular Flow Model is an economic model that shows the flow of money through the economy.

Answer:inflation

Explanation:

On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 550 rolls and also started and completed the mixing process for an additional 4,150 rolls of paper. The department started but did not finish the mixing process for arn additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process.
Direct Direct Manufacturing Total
Materials Labor Overhead Allocated Costs
Beginning inventory, Mar. 1 $280 365 $ 4,125 180
Costs added during March 5,720 3,250 825 13,095
Total costs $6,000 4,490 3,430 13920
Journalize all transactions affecting the company's mixing process during March.
Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department.

Answers

For the Mixing Department, the following journal entries are prepared.

Journal Entries:

1. Debit Work in Process $13,095

Credit Direct materials $5,720

Credit Direct labor $4,125

Credit Manufacturing overhead $3,250

To record costs of materials, labor, and manufacturing overhead allocated.

2. Debit Transfer out $13,630

Credit Work in Process $13,630

To record the cost of units completed and transferred out.

Data and Calculations:

                                       Direct       Direct     Mfg o/h       Total

                                     Materials    Labor    Allocated     Costs

Beginning inventory        $280        $365        $180        $825

Costs added in March    5,720        4,125      3,250      13,095

Total costs                   $6,000    $4,490    $3,430    $13,920

                                            Physical         Direct       Conversion

                                               Units        Materials         Costs

Units to account for:

Beginning Work in process    550

Started in March                  4,650

Total units to account         5,200

Completed & transferred    4,700

Ending work in process         500

Units accounted for:

Ending work in process       500            100 (20%)         100 (20%)

Completed & transferred  4,700        4,700 (100%)    4,700 (100%)

Total equivalent units                         4,800                4,800

                                            Direct       Conversion     Total

                                         Materials         Costs         Costs

Costs to account for:

Beginning inventory          $280               $545        $825

Costs added in March      5,720               7,375      13,095

Total costs                     $6,000            $7,920    $13,920

Total equivalent units      4,800              4,800

Cost per equivalent unit $1.25              $1.65

                          ($6,000/4,800)             ($7,920/4,800)

Costs accounted for:

Completed & transferred $5,875           $7,755        $13,630

                              (4,700 x $1.25)        (4,700 x $1.65)

Ending inventory                  $125              $165               $290

                                 (100 x $1.25)         (100 x $1.65)

Total costs accounted    $6,000            $7,920       $13,920

Learn more: https://brainly.com/question/24246457

A PDF file is used to display a file as it will look when _______.

Answers

Answer:

a pdf file is used to display a file as it will look when _____.

The government is investigating Stuart for insider trading. During the investigation, Stuart makes false statements to investigators. The false statements could be a crime for obstruction of justice
A. under no circumstances
B. only if the false statements were made with an intent to interfere with the investigation
C. even if the statements were not intended to interfere with the investigation
D. only if Stuart is convicted of insider trading

Answers

Stewart is being looked at by the authorities for insider trading. Stewart lies to the investigators while the case is being investigated. False statements must be made with the purpose to obstruct an inquiry in order for obstruction of justice to constitute a crime. Here option B is the correct answer.

Insider trading refers to the practice of persons having access to sensitive or important non-public information about a firm trading its securities.

A buddy who has a sizeable stake in the firm is given crucial information regarding the purchase of his company by the CEO of that company. Before the information is made public, the buddy takes action on the knowledge and sells all of his shares.

Owners of businesses, the employers of those insiders for corporations, the ongoing shareholders, and society at large are the groups most likely to suffer from insider trading.

To learn more about insider trading

https://brainly.com/question/29213373

#SPJ4



A computer game that can be purchased online and played right away has good _____utility.
A. Form
B. Information
C. Value
D. Time

Answers

D time this is because you didn’t have to do much to set it up

Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills

Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Listening skills

Explanation:

By listening to a customer, you can determine what they want.

Improving listening skills can help you better understand and help customers.

I hope this helps.

Answer: C edge 2021

Explanation:

ur a real one :)

1. determine and compare the total heat transfer rates in the case of natural and forced convections over a heated vertical flat plate.

Answers

The totals heat transfer rates in the case of natural and forced convection over a heated vertical flat plate: In natural convection, any fluid motion is caused by natural means such as the buoyancy effect, i.e. the rise of warmer fluid and fall of the cooler fluid.

Whereas in forced convection, the fluid is forced to flow over a surface or in a tube by external means such as a pump or fan.

Forced convection increases the fee of warmth transfer in comparison to natural convection. The charge of the heat switch in compelled convection relies upon the rate of air. The better the airspeed, the higher might be the rate of warmth switch. pressured convection involves fluid movement in addition to conductive warmth transfer.

The overall equation for the case of pressured convection is Nu = f(Re, Pr). within the case of loose convection, it's miles Nu = f(Gr, Pr). in which Tp is the surface temperature.

Learn more about forced convection here:

https://brainly.com/question/15262792

#SPJ4

Market Street Grocery carries a complete line of products that appeal to Hispanic customers. Market Street buys cleaning products such as Fabuloso, food products such as tortillas and tacos, and birthcards written in Spanish from its suppliers. This is an example of segmentation based on _______.

Answers

Due to the fact that the segmentation is based on products that appeal to Hispanics, this is a segmentation based on Psychographic factors.

What is psychographic segmentation?

This is the type of segmentation that is made due to the lifestyle of a group of people. This is one where the customers are broken into segments.

These segments are affected by the values, the beliefs and the social status of these people.

Read more on segmentation here:https://brainly.com/question/7181203

__________ is/are the primary reason why the consumer buying process varies across customers, products, and situations.
a. Individual influences d. Social influences
b. Situational influences e. The complexity of the purchase
c. The cost of the product

Answers

The complexity of the purchase is/are the primary reason why the consumer buying process varies across customers, products, and situations, option E.

Planning and study are typically necessary when clients set out to acquire complicated services or items, such buying a home, when there is a significant financial risk associated with the purchase and the product will be utilised throughout its lifespan. Customers have higher expectations for the firm to assist them in making a better educated selection when they are acquiring complex items. They require more information about the goods and services, thus they desire more help and knowledge from customer care agents.

In this lesson, we'll examine how customer needs and after-sales services for complicated product purchases are impacted by product classification and after-sales services.

A method of classifying items into groups is product categorization. This technique is frequently used by businesses as a marketing strategy to promote a commodity or service. To anticipate client requirements is another justification for businesses using product categorization. Let's examine a few classifications that are typically used for complicated items and how customer service adapts to accommodate each one.

Learn more about Complexity of purchase:

https://brainly.com/question/28902532

#SPJ4

what are two factors that have caused labor union membership to decline significantly over the past 50 years?

Answers

Two factors that have caused labour union membership to decline significantly over the past 50 years are Right-to-work laws were passed and the loss of jobs in manufacturing in the US.

What do you know about labour union membership ?

Unions are independent worker organisations formed for the purpose of furthering and defending workers' interests. As a result, they play an important role in the quest for better remuneration and working conditions. Union membership, density, and bargaining power all have a significant impact on working conditions. Reliable data on unions and unionisation, employers' organisations, collective bargaining, and industrial disputes are required to assess the extent of social dialogue. This page contains statistics and other information about global unionisation.

So, The required answer is Right-to-work laws were passed and the loss of jobs in manufacturing in the US.

To learn more about labour union membership:
https://brainly.com/question/29851136
#SPJ4

Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?

Answers

Answer:

The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.

Explanation:

The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.

The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.

This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.

On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the mini trenchers if the co-op has a 15% increase in purchases from ABC compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Required: Prepare the journal entry for ABC on August 10,2019.

Answers

Answer:

If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.  

I looked for a similar question in order to find the missing numbers:

each trencher is sold at $3,600 and costs $2,000

August 10, 2019, 16 mini trenchers sold to farm co-op

Dr Accounts receivable 57,600

    Cr Sales revenue 57,600

Dr Cost of goods sold 32,000

    Cr Inventory 32,000

morocco desk co. purchases 6,000 feet of lumber at $6.00 per foot. the standard price for direct materials is $5.00. the entry to record the purchase and unfavorable direct materials price variance is

Answers

Debit: Raw Materials Inventory - Lumber $36,000
Debit: Direct Materials Price Variance $6,000
Credit: Accounts Payable $42,000


To record the purchase and unfavorable direct materials price variance, we need to debit Raw Materials Inventory - Lumber for the cost of the purchased lumber and debit Direct Materials Price Variance for the unfavorable variance. We will credit the Accounts Payable account to reflect the amount owed to the supplier.

Debit Raw Materials Inventory - Lumber ($6.00 per foot x 6,000 feet) = $36,000
This increases the value of the Raw Materials Inventory - Lumber account to reflect the cost of the purchased lumber.

Debit Direct Materials Price Variance with the unfavorable variance amount. Since the standard price for direct materials is $5.00 and the actual price paid is $6.00, the unfavorable variance is ($6.00 - $5.00) x 6,000 = $6,000.
This records the unfavorable variance caused by paying more than the standard price for the lumber.

Credit Accounts Payable ($6.00 per foot x 6,000 feet) = $42,000
This reflects the liability created for the amount owed to the supplier for the lumber purchase.


By making these journal entries, we record the purchase of lumber, the unfavorable direct materials price variance, and establish the liability for the amount owed to the supplier.

To know more about Raw Materials ,visit:

https://brainly.com/question/31201541

#SPJ11

lazo co. offers a bonus to its employees of $100,000 to be paid in january. this entry will require a credit to the account in the amount of . multiple choice question. salaries and wages expense; $100,000 bonus payable; $100,000 bonus expense; $100,000 cash; $100,000

Answers

This entry will require a credit to the account in the amount of "Bonus payable; $100,000".

When a company offers a bonus to its employees, it creates a liability known as a bonus payable. This liability represents the amount of money that the company owes to its employees for the bonus. The company must credit the bonus payable account for the full amount of the bonus, which in this case is $100,000.

This will show that the company has a liability to pay this amount to its employees in the future. When the bonus is actually paid in January, the company will debit the bonus payable account and credit the cash account for the same amount.

This will reduce the liability and show that the company has fulfilled its obligation to pay the bonus to its employees.

To know more about bonus refer here: 

https://brainly.com/question/15866274

#SPJ11

Company-paid health insurance is a major benefit sought out by many employees. If coverage for a family costs $20,000 per year and your employee is paid $28,000 per year, what percentage of their total compensation is the healthcare benefit?

Answers

Answer:

~42

Explanation:

Ex. Company-paid health insurance is a major benefit sought out by many employees. If coverage for a family costs $15,000 per year and your employee is paid $40,000 per year, what percentage of their total compensation is the healthcare benefit?

SOLUTION:

$15,000 / ($15,000 + $40,000) = 0.272 x 100 = 27.2%

Problem: 20/20+28=0.416=41.6%

Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is

Answers

Answer:

$3,006

Explanation:

Bond issue = $97,000

Interest rate = 8%

Bond value sold = $101,370

Time period 5 years

N.B The premium will have to be to be discounted from the interest expense because Franklin corporation sold the bond at a value higher than the face value i.e premium value.

Therefore;

Coupon = $97,000 × 8% × 1/2

= $3,880

Amortization of bond premium = ($101,370 - $97,000) /5 years period

= $4,370/5

= $874

Total interest expense

= $3,880 - $874

= $3,006

Beatrice just got promoted to senior manager at her company. The CEO of the
company stresses the importance of bringing all of the departments together
to meet company goals. Which of these skills should Beatrice brush up on?
A. Human relations skills
B. Conceptual skills
C. Technical skills
D. Accounting skills

Answers

Answer:

B. Conceptual skills

Explanation:

Just took the test


16. Demographics are

Answers

Answer:

statistical data relating to the population and particular groups within it.

Explanation:

!!

John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.

Answers

Answer:

C

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Which statement is true concerning strategic fit? Multiple choice question
. It refers to a diversification strategy used with unrelated businesses
. It ensures that each company's resources are only fitted to suit its value chain activities
. It allows cross-business sharing of resources that enable value chain activities
. It prevents one company from usurping the resources of another.

Answers

The correct statement concerning strategic fit is it allows cross-business sharing of resources that enable value chain activities (option c).

Strategic fit refers to the degree to which an organization is able to match its resources and capabilities to the opportunities provided by its environment. A strategic fit occurs when the company is able to fit its resources and capabilities to the opportunities provided by the external environment. It is a state in which a company's competitive strategy is perfectly aligned with its goals and objectives, as well as with its internal resources and capabilities.

Strategic fit ensures that the company is able to optimize its resources and capabilities in order to create a competitive advantage. In addition, it allows cross-business sharing of resources that enable value chain activities, ensuring that each company's resources are only fitted to suit its value chain activities. In short, strategic fit ensures that a company's resources and capabilities are optimized to achieve its goals and objectives. The correct option is c.

To know more about strategic:

https://brainly.com/question/26960576


#SPJ11

Tony borrrows $20 000. He aggrees to repay this loan with 15 equal annual payments with the first payment to commence at the end of 5 years. The annual effective rate of interest on the loan is 4%. calculate the amount of annual payments

Answers

Answer:

The amount of annual payments is $2,400.

Explanation:

Given that Tony has obtained a loan for $ 20,000 at an interest rate of 4% per year, and that he has agreed to pay said loan from 15 annual payments beginning after the end of 5 years, we can say that said interest rate will apply to 20 years (the initial 5 without payment, plus the 15 in which Tony will make annual payments). Thus, a final interest of 80% should be applied to the initial sum, which arises from the multiplication of the years by the annual interest rate (20 x 4).

Thus, to the initial amount of $ 20,000 will be added an interest of $ 16,000 (20,000 x 0.8), totaling an amount to be paid of $ 36,000. Then, since that amount will be paid in 15 annual payments, each of those payments will be made for a value of $ 2,400 (36,000 / 15).

It is important to know your own strengths and weakness. T or F I'm pretty sure its T but I wanna make sure-

Answers

Answer:

True.

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

Hence, it is important to know your own strengths and weakness because it would help in the decision-making process.

What are the primary reasons people choose to invest and trade stocks?

(Select all that apply.)


to earn a dividend to earn a dividend , ,

to earn capital gains to earn capital gains , ,

to earn predictable quarterly interest to earn predictable quarterly interest , ,

to earn money that is liquid

Answers

Answer:

to earn a dividend

to earn capital gains

Explanation:

Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.

Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.

Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.

Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.

write about veterinary service available in you locality​

Answers

Answer:

write your locality not my locality there is your locality

When applying for a job most require you to submit two items. What are those two items?

Answers

Answer:

and email and an application...?

Explanation:

it might not be correct, my best guest.

Strategy evaluation is necessary for all sizes and kinds of organizations. Strategy evaluation should initiate managerial questioning of expectations and assumptions, should trigger a review of objectives and values, and should stimulate creativity in generating alternatives and formulating criteria of evaluation. Regardless of the size of the organization, a certain amount of management by wandering around at all levels is essential to effective strategy evaluation. Strategy-evaluation activities should be performed on a continuing basis, rather than at the end of specified periods of time or just after problems occur. Waiting until the end of the year, for example, could result in a firm closing the barn door after the horses have already escaped.

Answers

Strategy evaluation is necessary for all sizes and kinds of organizations. It is a systematic process of examining the firm's present strategy, evaluating it, and making decisions about the future course of action. Strategy evaluation is a crucial process that all organizations must undertake to ensure their strategies are effective, efficient, and up to date.

Strategic management implies evaluating an organization's strategies to determine if they are working effectively and how they can be improved.
The process of strategy evaluation has several benefits to an organization. Firstly, it initiates managerial questioning of expectations and assumptions, thus allowing the organization to respond quickly and effectively to changes in the environment. Secondly, strategy evaluation triggers a review of objectives and values, ensuring that they remain relevant and in line with the organization's mission. Lastly, it stimulates creativity in generating alternatives and formulating criteria of evaluation.
Regardless of the size of the organization, a certain amount of management by wandering around at all levels is essential to effective strategy evaluation. Management by wandering around is a technique where managers interact with employees at all levels of the organization to observe and gain insights into the company's activities, issues, and challenges. This process enables managers to identify potential problems and opportunities and respond accordingly.
Strategy-evaluation activities should be performed on a continuing basis, rather than at the end of specified periods of time or just after problems occur. Waiting until the end of the year, for example, could result in a firm closing the barn door after the horses have already escaped. By conducting continuous strategy evaluations, organizations can stay ahead of the competition, mitigate risks, and capitalize on new opportunities.

to know more about Strategy evaluation visit:

https://brainly.com/question/28222505

#SPJ11

A description of how business-to-business marketing differs from consumer marketing must include the fact that business-to-business marketing ________.

Answers

A description of how business-to-business marketing differs from consumer marketing must include the fact that business-to-business marketing is the marketing of goods and services that businesses and other organizations buy for purposes other than personal consumption.

Advertising and marketing is the manner of exploring, developing, and turning in value to satisfy the desires of a target marketplace in phrases of products and services; probably together with choice of an audience. It's miles, in quick, an motion taken to bring attention to an enterprise's offerings; they may be bodily items on the market or offerings provided. Not unusual examples of advertising at paintings consist of tv commercials, billboards on the aspect of the road, and mag commercials. There are 5 advertising principles that companies undertake and execute. These are; (1) manufacturing idea, (2) product idea, (three) selling idea, (four) marketing idea, and (five) societal advertising and marketing concept.

Learn more about marketing here:https://brainly.com/question/25754149
#SPJ1

3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

Learn more about the safety of goods here:

https://brainly.com/question/28480753

#SPJ1

AP 8-6 (Capital Gain Reserves) M. Rhodes purchased a large tract of land near Edmonton 15 years ago for $750,000. It was sold during April 2021 to a developer for $2,500,000. He received a down payment of $625,000 (25%) and accepted a 25 -year, 8% mortgage for the balance of $1,875,000. The payments on this mortgage will begin in the second year and will require the repayment of $75,000(3% of maximum extent possible. Required: Calculate the capital gains consequences of this sale for 2021 through 2027 , assuming that Mr. Rhodes claims the maximum capital gains reserve in 2021 and in all subsequent years.

Answers

The Capital Gain Reserves that apply to M. Rhodes, as per the given data:AP 8-6 (Capital Gain Reserves) M. Rhodes purchased a large tract of land near Edmonton 15 years ago for $750,000.

It was sold during April 2021 to a developer for $2,500,000. He received a down payment of $625,000 (25%) and accepted a 25 -year, 8% mortgage for the balance of $1,875,000. The payments on this mortgage will begin in the second year and will require the repayment of $75,000 (3% of the maximum extent possible).

Calculation of Capital Gain:Capital Gain = Selling Price – Purchase PriceCapital Gain = $2,500,000 - $750,000Capital Gain = $1,750,000Calculation of the maximum amount allowed for Capital Gains Reserve:Hence, the amount of Capital Gains Reserve will decrease every year until it reaches $0, which will happen in 2031.

To know more about repayment visit:

https://brainly.com/question/31483682

#SPJ11

Other Questions
Part II: Planning for Retirement1. Lynn has learned that she will need to save $1 million dollars to support her currentlifestyle if she retires in 15 years. Lynn had not thought about planning for retirement untilnow. If she begins saving now, she will need to save approximately $67,000 per year.Based on her annual income of $75,000, this goal is not attainable. How would Lynn'sretirement be affected if she had understood the importance of planning for retirementearlier?2. In three to four sentences, explain how you would develop a long-term investing strategyto ensure that you will have a financially secure retirement. PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:) a portion of yarn that makes up the surface or pack of a fabric and covers more than one yarn in the opposite direction is called Solve on the interval [0,2pi):2 sin^2 x-3 sin x + 1 = 0 How could a long-term decrease in precipitation impact an area?. is located between two pleural sacs and is the central compartment of the thoracic cavity? a. pleura b. thoracic cage c. mediastinum d. hilum how many Vice presidential terms did John Adams Serve Under George Washington? A.OneB.TwoC.Three Why did john watson reject the study of mental processes? Draw the major organic substitution product (ignoring stereochemistry) formed in the following reaction. If the reactant's configuration were (1 R,2R), then the configuration of the substitution product(s) will be (select all that apply): 1R, 2R. 1S, 2S. 1R, 2S. 1S, 2R. Carly is making flags for her school's homecoming football game. Each flag requires 0.5 yardsof fabric, and Carly bought 25 yards of fabric.Write an equation that shows how the number of yards remaining, y, depends on the numberof flags Carly has made, x.Ver en e A ball rolls down a ramp for 5 seconds. If the ball started with no speed and ended with a speed of 15 m/s, what was the acceleration of the ball? A.To redeem investors' shares upon demand at the current NAV (Net Asset Value)B.To earn the rate of return promised in the ProspectusC.To have a minimum NAV for investorsD.To have a minimum rate of return for investorsE. None Starting in the 2010s, Georgia became a major center for A. international shippingB. agricultureC. film productionD. manufacturing Round 149,640 to the nearest thousand ASAP Hurry Help !! Cold temperatures preserve food better than warm onesO TrueO False Oliver buys a computer that is on sale for 20% off the original price. The original price is $54 more than the sale price. What is the original price of the computer? Finn removes the plug from a trough to drain the water. the volume, in gallons, in the trough after it has been unplugged can be modeled by the expression 12x2 13x 3, where x is the time in minutes. choose the appropriate form of the expression that would reveal the time in minutes when the trough is empty. 12(0)2 13(0) 3 (3x 1)(4x 3) 12(x 3)2 1 12(x 1)2 3 Organisms that live in similar environments, such as the ocean, often have similar adaptations. This is often due to A. convergent evolutionB. coevolution Proton C. gradualismD. sexual selection For the following free body diagrams identify if the forces are balanced or unbalanced. Then determine the net force if it is not zero and the direction of motion. Attempt 1 of 3The following conversation takes place in a restaurant. Complete each sentence of the conversation with the appropriate word. Economics and economic models are generally focused on an equitable distribution of goods and servicesTrueFalse